Indian Capital Goods Undiscovered Gems With Strong Fundamentals

GPT Infraprojects

Market Cap: ₹16.7b

GPT Infraprojects Limited, together with its subsidiaries, carries out civil and infrastructure projects in India and internationally.

Spectrum Electrical Industries

Market Cap: ₹23.9b

Designs, manufactures, and sells electrical, automobile, and irrigation components in India.

Dynamic Cables

Market Cap: ₹19.8b

Manufactures and supplies cables and conductors in India and internationally.

Rajoo Engineers

Market Cap: ₹19.2b

Engages in the manufacture and sale of plastic processing machineries and post extrusion equipment in India and internationally.

Frontier Springs

Market Cap: ₹18.3b

Produces and sells L.H.B.

Ganesh Infraworld

Market Cap: ₹9.5b

A construction company, provides engineering, procurement, and construction services in India.

SRM Contractors

Market Cap: ₹10.7b

Operates as an engineering construction and development company in India.

HPL Electric & Power

Market Cap: ₹38.3b

Manufactures and sells electric equipment under the HPL brand in India.

Vintage Coffee and Beverages

Market Cap: ₹19.3b

Through its subsidiaries, primarily engages in the manufacture, export, and sale of coffee and beverage products in India and internationally.

Servotech Renewable Power System

Market Cap: ₹28.9b

Manufactures and sells light-emitting diode (LED) lights, electric vehicle (EV) chargers, and solar power products in India and internationally.

Man Infraconstruction

Market Cap: ₹68.6b

Provides civil construction services in India.

BF Utilities

Market Cap: ₹28.0b

Engages in the infrastructure business in India.

Marine Electricals (India)

Market Cap: ₹22.6b

Manufactures and sells various marine and industrial electrical and electronic components in India and internationally.

Carraro India

Market Cap: ₹27.4b

Manufactures and sells automotive equipment, parts, and components in India and internationally.

Automobile Corporation of Goa

Market Cap: ₹12.8b

Manufactures and sells pressed parts, components, sub-assemblies, and bus bodies for range of automobiles in India.

TD Power Systems

Market Cap: ₹78.9b

Manufactures and sells AC generators and electric motors in India, Japan, the United States, Europe, and Turkey.

DISA India

Market Cap: ₹20.9b

Manufactures and sells foundry machinery and machinery parts in India and internationally.

Inox Wind Energy

Market Cap: ₹128.3b

Engages in the manufacture and sale of wind turbine generators (WTGs) in India.

Quality Power Electrical Equipments

Market Cap: ₹56.3b

Provides power products and solutions for power generation, transmission, distribution, and automation sectors.

Kirloskar Brothers

Market Cap: ₹148.1b

Provides fluid management solutions worldwide.

Balu Forge Industries

Market Cap: ₹70.9b

Manufactures and sells crankshafts in India and internationally.

Concord Control Systems

Market Cap: ₹10.5b

Engages in the manufacture and supply of coach related and electrification products for Indian railways and other railway contractors in India.

Gala Precision Engineering

Market Cap: ₹11.1b

Manufactures and sells precision components in India and internationally.

HLE Glascoat

Market Cap: ₹29.4b

Manufactures and sells carbon steel glass lined equipment in India and internationally.

Sika Interplant Systems

Market Cap: ₹25.0b

Engages in manufacturing and rendering engineering products, engineering projects/systems, and services for aerospace, defense and space, and automotive sectors in India.

Jyoti Structures

Market Cap: ₹19.4b

Manufactures and sells transmission line towers, substation structures, and tall antenna towers/masts in India and internationally.

Nava

Market Cap: ₹173.7b

Engages in ferroalloy manufacturing, energy, mining, agribusiness, and operation and maintenance services in India, Zambia, the United States, Hong Kong, Japan, the United Arab Emirates, and internationally.

Shakti Pumps (India)

Market Cap: ₹101.2b

Engages in the manufacture, trade, and sale of pumps, motors, and their spare parts under the Shakti brand name in India and internationally.

Action Construction Equipment

Market Cap: ₹130.1b

Manufactures and sells material handling and construction equipment primarily in India.

HEG

Market Cap: ₹101.8b

Manufactures and sells graphite electrodes in India and internationally.

Ingersoll-Rand (India)

Market Cap: ₹119.1b

Manufactures and sells industrial air compressors and related services in India.

Shaily Engineering Plastics

Market Cap: ₹76.7b

Engages in the manufacture and sale of precision injection moulded plastic components/products in India.

Isgec Heavy Engineering

Market Cap: ₹80.1b

Provides engineering solutions worldwide.

Zen Technologies

Market Cap: ₹133.1b

Together with its subsidiary, designs, develops, manufactures, and sells training simulators in India and internationally.

Indian Hume Pipe

Market Cap: ₹21.2b

Engages in construction contract activities in India.

Olectra Greentech

Market Cap: ₹118.8b

Manufactures and sells electrical buses and trucks in India.